OFAC published two Kingpin Act General Licenses authorizing certain transactions and activities that would otherwise be prohibited. The FAQs have been amended accordingly.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20170105_33.aspx

The FDIC provided highlights from the conference held on 4/6/16 for community banks entitled Strategies for Long-Term Success. The conference focused on topics such as the viability of the community banking model, regulatory developments, technology, and ownership structure and succession planning.

https://www.fdic.gov/news/news/financial/2017/fil17003.html

The OCC Mortgage Metrics Report, Third Quarter 2016 was released showing an improvement in the performance of first-lien mortgages compared to prior year data. Foreclosure activity showed a decline by 25.3%. The report is based on data through September 30, 2016 on 36% of all outstanding residential mortgages in the United States.

https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-3.html

The OCC released the CRA Public Evaluations for 18 institutions that became public in December 2016. Eight are rated outstanding and 10 are rated satisfactory. The evaluations are available on the OCC’s website.

https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-2.html

The OCC released its Quarterly Report on Bank Trading and Derivatives Activities. The report showed that revenue fell from $7 billion the previous quarter to $6.4 billion in the third quarter. The report also showed trading risk exposure and credit exposure from derivatives both declined. The notional amount of derivatives held by insured US Commercial Banks declined by nearly 6.5%, which is attributed to trade compression. The report is available on the OCC’s website.

https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-1.html

FDIC issued the list of banks that it recently examined for compliance with the CRA. The list and ratings can be found on the FDIC’s website.

https://www.fdic.gov/news/news/press/2017/pr17001.html

The OCC issued a final rule prohibiting national banks and federal savings associations from dealing and investing in industrial or commercial metals. The final rule includes metal in a physical form suited for commercial or industrial uses. Banks with existing holdings of metal must divest as soon as reasonably practical, but no later than five years. The final rule supersedes a previous OCC interpretation which allowed for banks to trade copper.

https://www.occ.gov/news-issuances/bulletins/2017/bulletin-2017-1.html

The CFPB released its report issued to the Committee on Appropriations of the US Senate and House as required by the Dodd-Frank Act covering its 2016 fiscal year.

https://www.consumerfinance.gov/data-research/research-reports/report-consumer-financial-protection-bureau-pursuant-section-1017e4-dodd-frank-act-2016/

The ESAAMLG conducted an assessment of Zimbabwe’s AML/CFT framework and how it meets FATF’s 40 recommendations. The full report is available on the FATF website.

https://www.fatf-gafi.org/publications/mutualevaluations/documents/mer-zimbabwe-2016.html

The Federal Reserve Board on Friday announced it had approved a proposal to revise its regulatory capital rules to address and provide an option to phase in the regulatory capital effects of the new accounting standard for credit losses, known as the “Current Expected Credit Losses” (CECL) methodology.

https://www.federalreserve.gov/newsevents/pressreleases/bcreg20180413a.htm